JD.com spin-out launches $500m China VC fund
GenBridge Capital, a venture capital firm whose founders include two members of Chinese online retailer JD.com’s M&A team, is seeking to raise $500 million for its debut China fund.
The filing for GenBridge Capital Fund I does not indicate how far the firm's fundraising efforts have progressed, but AVCJ understands that the original target was $400 million with a hard cap of $500...
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